Archidply Industries Ltd suffers net loss of Rs 1.17 cr for Q4FY20

New Delhi: Archidply Industries Ltd suffered net loss of Rs 1.17 crore for the fourth quarter of the fiscal 2019-20 as compared a net profit of Rs 1.76 crore in the corresponding quarter of the previous fiscal.

The company’s revenues from operations declined 16 percent to Rs 61 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 73 crore in the corresponding quarter of the previous fiscal. 

The company’s net profit halved to Rs 3.77 crore for the entire fiscal 2019-20 as compared to Rs 7.72 crore in the previous fiscal.

The company’s revenues from operations decreased marginally to Rs 267 crore for the entire fiscal 2019-20 as compared to Rs 274 crore in the previous fiscal.

The total expenses of the company fell to Rs 60 crore in fourth quarter of the 2019-20 fiscal as compared to Rs 71 crore in the corresponding quarter of the previous fiscal. The total expenses of the company increased to Rs 261 crore in the 2019-20 fiscal as compared to Rs 266 crore in the previous fiscal, the company said in a regulatory filing.

 

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